EA Scalper XAUUSD is an automated trading research project for MetaTrader 5 focused on gold. It employs a multifaceted entry strategy using Smart Money Concepts like order blocks and liquidity sweeps, alongside moving average crossovers and Fibonacci zones. The EA includes a self-learning module designed to adapt to di
Trading robot · MT5
SMC Trading EA
This expert advisor for MetaTrader 5 implements a Smart Money Concepts strategy focused on automated order block detection.
GitHub stars1
Forks0
Last update1 year ago7 May 2025
LicenceNone stated
Overview
SMC Trading EA identifies market entries by scanning historical bars for specific price action patterns. The robot includes built-in risk management that calculates lot sizes based on a percentage of account equity and sets dynamic stop losses using an Average True Range multiplier. Trades are managed with a fixed risk-to-reward ratio and filtered by maximum spread. It also features session-based controls for London and New York hours. The repository documentation is minimal.
- Automated order block detection logic
- ATR-based dynamic stop loss calculation
- London and New York session filters
- Percentage-based risk management
Details
Author
kustandy on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
SMC / ICT / price action, Scalping
Markets
Forex
Timeframes
M1-M5
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from ONE_MIN_SMC.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
RiskPercent | double | 1.0 | Risk percentage per trade |
RiskRewardRatio | double | 2.0 | Risk:Reward ratio |
OrderBlockLookback | int | 20 | Bars to look back for order blocks |
StopLossMultiplier | double | 1.5 | ATR multiplier for stop loss |
ATRPeriod | int | 14 | ATR period for dynamic stops |
MaxSpread | int | 30 | Maximum allowed spread (points) |
TradeNewYorkSession | bool | true | Trade NY session (8AM-12PM EST) |
TradeLondonSession | bool | true | Trade London session (3AM-7AM EST) |
MagicNumber | int | 202405 | EA magic number |
Slippage | int | 30 | Maximum allowed slippage (points) |
Timeframe | ENUM_TIMEFRAMES | PERIOD_M1 | Global timeframe setting |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone kustandy/smc_trading_EA from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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